BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $106.81 Million Holdings in The Coca-Cola Co (NYSE:KO)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in shares of The Coca-Cola Co (NYSE:KO) by 0.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,373,086 shares of the company’s stock after selling 15,461 shares during the period. The Coca-Cola accounts for 0.8% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s portfolio, making the stock its 19th biggest holding. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.06% of The Coca-Cola worth $106,813,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Veritas Investment Management LLP bought a new position in The Coca-Cola in the 3rd quarter valued at about $135,000. Spectrum Management Group Inc. bought a new position in The Coca-Cola in the 3rd quarter valued at about $137,000. Eagle Ridge Investment Management bought a new position in The Coca-Cola in the 2nd quarter valued at about $138,000. Legacy Advisors LLC bought a new position in The Coca-Cola in the 3rd quarter valued at about $139,000. Finally, Almanack Investment Partners LLC. bought a new position in shares of The Coca-Cola during the 2nd quarter valued at about $142,000. Institutional investors and hedge funds own 65.34% of the company’s stock.

KO has been the subject of several research reports. BMO Capital Markets restated a “hold” rating and set a $47.00 price objective on shares of The Coca-Cola in a research report on Friday, October 27th. JPMorgan Chase & Co. set a $48.00 price objective on shares of The Coca-Cola and gave the company a “neutral” rating in a research report on Friday, December 15th. Goldman Sachs Group set a $45.00 price objective on shares of The Coca-Cola and gave the company a “sell” rating in a research report on Thursday, October 26th. Susquehanna Bancshares set a $45.00 price objective on shares of The Coca-Cola and gave the company a “hold” rating in a research report on Tuesday, November 21st. Finally, Royal Bank of Canada set a $56.00 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $49.01.

Shares of The Coca-Cola Co (NYSE:KO) opened at $43.85 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47. The stock has a market cap of $188,280.00, a P/E ratio of 41.70, a PEG ratio of 3.54 and a beta of 0.70. The Coca-Cola Co has a 52-week low of $40.40 and a 52-week high of $48.62.

In related news, CFO Kathy N. Waller sold 23,240 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the transaction, the chief financial officer now owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert Edward Long sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $47.95, for a total transaction of $719,250.00. Following the transaction, the insider now directly owns 24,673 shares in the company, valued at approximately $1,183,070.35. The disclosure for this sale can be found here. Insiders sold 122,640 shares of company stock valued at $5,800,776 over the last three months. 1.51% of the stock is owned by insiders.

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The Coca-Cola Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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